senate

President Obama and Congressional leaders were unable to make progress during negotiations on the government's fiscal 2011 budget, increasing the likelihood that the government will shut down starting this weekend. Senator Harry R

In an email obtained by CNN, OMB Deputy Director for Management Jeffrey Zients tells agency officials that "given the realities of the calendar, good management requires that we continue contingency planning for an orderly shutdow

The White House Office of Management and Budget has notified federal agencies to start preparing and sharing contingency plans in case the government shuts down on Friday.

The AP is reporting that House Majority Leader Rep. Eric Cantor says the chamber will not pass another short-term federal funding bill to avoid a government shutdown if talks between the GOP and the White House fail to produce agr

The Senate is expected to vote in support of a measure to extend budget funding today, after the House of Representatives passed it in a 335-91 vote. The stopgap deal involves $4 billion in spending cuts in programs already propos

Federal Reserve Chairman Ben Bernanke told Congress that the central bank will press on with its $600 billion stimulus program because of stubbornly high unemployment, but also acknowledged that the bank is keeping a wary eye out